Cramer's Morning Take: Nvidia 3/25/24

Jim Cramer (0:01)

Hey, it's Cramer, and this is my morning take on the market from today's CNBC Investing Club Morning Meeting. I will point out that we have this weird leadership, and the leadership today is energy. Energy and materials, energy has been very, very strong.

Jeff Marks (0:15)

It's been a good month for both of those groups. Energy is coming back, Cotero around 28th. Yeah. Some material stocks doing well. DuPont's come all the way back as well.

Jim Cramer (0:26)

Amazing.

Jeff Marks (0:27)

We're off from that shortfall in earlier this year.

But yeah, meanwhile, tech a little bit lower today. Some of the mega caps excluding Nvidia. Nvidia's up again.

Jim Cramer (0:39)

Yeah, the attack by Europe on certain large caps.

The hangover for Apple, I'll explore that again tonight. It's not clear to me how much we should think that Apple's really a threat, really going to be hurt by justice. It's not clear to me at all.

This weekend, I did a column about Nvidia. And I said that the companies that are closest to Nvidia are Amazon Web Services. They do the most. And then secondarily, Dell is really important. I do want to point out that Synopsys is the company that makes it so that you have the design by Nvidia. Then you go to Synopsys and loads it with the software, 208 billion transistors. And then it goes to Taiwan and send me to make, so they're all important.

Jeff Marks (1:25)

You had Synopsys on last week, right? I thought that interview was really informative in that.

Because you hear about chip designing. But then when you hear what Synopsys CEO had to say and what Jensen Wong had to say about what goes into just designing these chips, creating these chips, a lot of work. So it obviously makes sense. Synopsys has been one of the great stocks, cadence to the last decade.

Jim Cramer (1:49)

Synopsys is buying Ansys, which was mentioned several times as being Jensen's favorite car, the car vehicle engineering package, like Autodesk. There are companies that are loved and there are companies that are liked.

But they would all love to be, I think Jensen would love to love every company, but there are some companies that this order is huge about, and Amazon Web Services is the one that does the most.

Jeff Marks (2:18)

Yeah, and we've seen last quarter from AWS, really strong revenue growth, finally starting to re-accelerate. Yes, it mattered tremendously.

Margins were better than expected too, so that's obviously good to see.

Jim Cramer (2:29)

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SPEAKER_3 (2:43)

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